US proposes 10-12.5% additional tariffs on major trading partners over forced labor concerns
By
Associated Press
Lightly toasted, lightly seasoned, mostly correct.
Summary
The Trump administration is proposing additional tariffs of 10% or more on products from dozens of major trading partners, following a probe into imports allegedly made with forced labor. Canada, Mexico, Taiwan, and the UK would face 10% additional tariffs, while China, Japan, India, South Korea, Brazil, and Switzerland would face 12.5% additional tariffs. This latest round of tariffs is likely to further unsettle key trading partners already affected by previous tariff waves since President Trump returned to office.
Key quotes
· 4 pulledThe Trump administration is proposing that tariffs of 10% or more be imposed on products from dozens of major trading partners following a probe into imports of goods allegedly made with forced labor.
Canada, Mexico, Taiwan and the United Kingdom and some other countries and territories would face 10% additional tariffs for allegedly failing to enforce a forced labor import ban.
A 12.5% additional tariff would be imposed on China, Japan, India, South Korea, Brazil and Switzerland and dozens of other countries.
This latest barrage of tariffs is likely to unsettle key trading partners that have been hit by waves of tariffs since President Donald Trump returned to office.
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